Mid Atlantic Financial Management Inc. ADV Reduces Holdings in Pioneer High Income Fund, Inc. (NYSE:PHT)

Mid Atlantic Financial Management Inc. ADV reduced its stake in Pioneer High Income Fund, Inc. (NYSE:PHT) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,304 shares of the closed-end fund’s stock after selling 7,396 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Pioneer High Income Fund were worth $1,003,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ameritas Investment Company LLC acquired a new position in Pioneer High Income Fund during the 1st quarter worth about $47,000. Moors & Cabot Inc. acquired a new position in Pioneer High Income Fund during the first quarter worth $94,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Pioneer High Income Fund in the first quarter valued at $191,000. TFG Advisers LLC lifted its stake in shares of Pioneer High Income Fund by 7.6% during the second quarter. TFG Advisers LLC now owns 20,617 shares of the closed-end fund’s stock worth $200,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Pioneer High Income Fund by 5.6% in the first quarter. Morgan Stanley now owns 21,786 shares of the closed-end fund’s stock worth $204,000 after acquiring an additional 1,156 shares in the last quarter.

Shares of NYSE:PHT opened at $11.15 on Wednesday. Pioneer High Income Fund, Inc. has a one year low of $7.63 and a one year high of $11.22. The stock has a fifty day moving average of $10.28 and a 200-day moving average of $9.89.

The business also recently announced a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be paid a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend is Wednesday, September 15th. This is a boost from Pioneer High Income Fund’s previous monthly dividend of $0.07.

About Pioneer High Income Fund

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.

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Institutional Ownership by Quarter for Pioneer High Income Fund (NYSE:PHT)

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